1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (956) 

This Dividend Stock Sparkles Like Gold

July 26, 2012 | About:

When the price of gold increases, Newmont Mining Corp.'s (NYSE:NEM) shareholders prosper. NEM engages in the acquisition, exploration and production of gold and copper properties.

July 15, the company increased its quarterly dividend 17% to $0.35 per share of common stock. The dividend is payable on Sept. 28, 2012, to holders of record at the close of business on Sept. 6, 2012. The yield based on the new payout is 3.0%.

The company's president and CEO, Richard O'Brien, stated: "Reflecting our commitment to capital discipline and returning capital to our shareholders, we have increased our dividend for the fourth time during the last year."

The company links its dividend to the price of gold and recently revised formula from the Company's average realized gold price to the average London P.M. Fix price for the preceding quarter. The third quarter 2012 dividend of $0.35 per share was based on the average London P.M. Fix of $1,609 per ounce for the second quarter 2012.

Full Disclosure: No position in the aforementioned securities. See a list of all my dividend growth holdings here.

Related Articles

- 10 High-Energy, High-Yield Dividend Stocks

- 12 Dividend Stocks For A Powerful Income Stream

- 7 Dividend Stocks Sporting A Five-Star Rating

- 10 Dividend Stocks Ignoring The 4% Rule

- Dividend Stock Bubble: Is It Even Possible?

About the author:

Visit Dividends4Life at:

Rating: 4.0/5 (8 votes)


Please leave your comment:

Performances of the stocks mentioned by Dividends4Life

User Generated Screeners

HOLKLSUSmall & Mid Cap 2018 Rising Ra
FranktheTankKramer XGrowth
FranktheTankH Kramer
HOLKLSUTest First Trade Late Stage
pbarker46Cdn E&P
glenh967Small Cap investing universe
flaabValue Screener
soho_analogusd project2018
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat